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Published: Tue, 3 Feb 2009
Description: Keys to success for family owned business.
Automatically Generated Transcript (may not be 100% accurate)
" Unlikely and and then not our next guest played a role in making that box of macaroni or both high cost -- this -- Sit in your cupboard Chris and getting all very about under the deal -- Sunday third generation business making possible mold for major companies such -- And -- and supplying more than -- start up cost manufacturers. In the US with those guys dating Chris are joining us to explain the keys to your success and guys why you stuck with the business which was founded by your grand grandfather and his brother but Danny. It's tough right and it's a tough business but -- is devoted your life that."
" Well because it's the only thing I've ever done and it's a way of making a living in I I love to work do when I'm going."
" Chris is that it -- how much -- is it because it was in the family. And you know it but also. Get joy out of that well."
" I started working part time eighth grade after eighth grade and pretty much as you go along this. Which you know but the rule was we had to go to college get a degree and now we worked part time -- it's been. Security. It's you know it's been nice being our own voices but at the same time. It's tough you know --"
" It's tough and how at Dana how is business and I've gotten tougher in recent years because again you still. For you make that diets that are big go into the manufacturing of the -- you design. The dyes should make different types of pot -- vishay shapes but overseas hasn't gotten -- here in the US that the."
" Well it's gotten tougher over here over the latest eight to ten years and our market is mostly North America we don't do much overseas. But competition is from Europe."
" How drama new business. How does that work and is this is doing well now because more cheaply and cost that in this kind of economic and."
" It is doing much better because. The -- the dollars trading as -- the help of business from -- competition. But. Bad economic times historically. A business become better. We mated with the the not that we would have we made it through the depression that you did that the company has history go back more than a century right. And they get through the depression. You know thing bombing goal right now is make sure that we we get a paycheck to the fourteen or fifteen -- was --"
" They how bad -- in New York history working there how. That is the economy how what do you see in terms of how the country's --"
" Well we haven't really felt. In the latest year or so we've been doing better than we've been doing in the past so we've we've felt this going back. Further than most people have seen it you know. And and office that."
" We always talk about -- clearly -- tax that tax cuts for upper income Americans they are are going to go away the question is just win. -- talk about the impact of that on small businesses what would be that impact of them don't know."
" Well right now tax -- tax wise. -- subchapter S corporation. So anything any problems that we do make you know flows directly through. But Texas tough for us and it did you hear New York figure out broke off we are where Brooklyn and right now. The -- bills of you know the biggest problem. In the medical insurance. Very difficult. Goes through things that if we weren't so press is that we would have done a lot better in the pissed."
" And do you want to say some sort of national health care solution here."
" Well we need to find some help in that that in the health care area I don't know where it's ever going to come from but. Of course have been skyrocketing over list ten years I had your focus just been on just running the business or is growth."
" An area of focus have you moved into other areas outside of -- I know you do serial serial us now honey -- And -- well."
" We we focus on the business itself we've been doing a lot more visiting in traveling. To try to get more business and she and her husband is in. And and other you know people that might you know services."
" We've also switched a little bit and bad times as far as -- doesn't cereal does. To doing general machine workers -- your machine shop and -- things completely not related to you know the food industry. Have been able to fill some gaps over the past few years."
" Well what about the future -- us about your kids. Will the name carry on what company carry on. And in the family well."
" You know that's a tough question at this point it was my son's it doing. -- different things but they always show the interest talk about the interest in coming back someday. So it's always possibility in my mind. That you know hopefully. Things they get better for us maybe the doors open for them in the future and fortunately. It."
" Maybe I cut his legacy dating Chris now Barry thank you. Great beauty -- success story that's gone up for more than a century thank you that's."
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